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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal. The meeting should go very well. Thank you for your attention to this matter!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because The announcement of high-level trade talks between the U.S. and China could lead to increased optimism in the stock market, particularly benefiting companies with significant exposure to China such as Apple Inc and Tesla Motors. The potential for a positive trade deal may boost the Technology Select Sector SPDR Fund and the Consumer Discretionary Select Sector SPDR Fund, which include companies that could benefit from improved trade relations. Conversely, Alibaba Group might experience increased volatility depending on the outcomes of the negotiations, as it is directly tied to the Chinese market.
Here are some of the stocks that might be affected:
Apple Inc ((AAPL)),
Tesla Motors ((TSLA)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Alibaba Group ((BABA)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).
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